Hatsun agro has given good volume bounce today from trendline. Above 1200, we can see this stock flying.
However, this stock forms long wicks hence it is safe to wait for weekly closing above 1200 for a safe investments.
Keep in radar. Agro stocks normally give big moves before monsoon arrives.
NSE: HATSUN is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
HATSUN made a strong Higher high in weekly timeframe, now came down to a Proper retracement point for next #Bullish Rally.
Buy at Bottom with Proper SL. Follow #Money #RiskManagement.
#Swingtrading #Shortterm
📊 Details
Hatsun Agro Product Limited has been in business for over 5 decades and achieved the position of the largest private-sector industry in the Dairy sector manufacturing and marketing Milk and Milk products, Ice-Cream, etc. It was incorporated by Mr. R G Chandramogan, who has been in the dairy business for more than 30 years. Its journey began with Arun...
HATSUN:- Cup and handle pattern has formed, wait for proper breakout, plan something only after that, till then keep your eyes on the stock.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Hatsun Long (26 July)
RSI- 56
Breakout of 50 day EMA with good volume
Buy at CMP- 935
SL- 925
Target- 960
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
If Breaks Then The Targets could be Taken at 1008.
Time Frame :- 1 Hour
Patterns Name :- Double Bottom
Symbol Name :- Hatsun Agro
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1. A rise from point (A) to point (B) is 446%
2. A fall from point (B) to point (A1) is 60%
3. A rise from point (A1) to point (B1) is 435% almost near to rise at point number 1
Stock is now falling down. If HISTORY REPEATS ITSELF in technical analysis then IS this stock likely to fall 60% from current high at point (B1). Need to keep watch
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Note:
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BUY CMP
SL-1063
TGT- 1215
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Hatsun seems to be consolidating in a tight range and could be bought on a breakout above 1050.45 if supported by volumes. Company has posted sales and profit growth in excess of 20 and 3 percent YOY respectively in the quarter ended June 2021.
